DYK ~40% of Americans have no idea where their credit score comes from? If you don’t know all the ins + outs yourself, no sweat. But you should learn what does and does not affect your credit score – which affects your life.

That’s why AllSouth is dedicating their third Brews & Budgets session to better understanding your credit, Thursday, Aug. 29. It’s free and includes a complimentary River Rat beer. 🍻

But first: Here are 3 common questions about credit, answered.

1. What is credit?

Credit is borrowed money from a financial institution that you can use to purchase things with before payment – and you need a credit score to do this.

2. Why is credit important?

Credit allows you to buy things you need when you need them for when life happens. It’s especially good for using on big purchases like cars + homes.

3. Why is a good credit score important?

Credit can impact many factors of your life, like where you live, what you drive, your ability to get a job, the interest rate you pay + more.

See 7 more credit questions answered here.

If you’re interested in learning more (and getting customized answers for your specific needs), here are the details for Brews & Budgets:

💭 “Understanding Your Credit” (i.e. learning how to build + improve your credit over time)
🕐 Thursday, August 29, 5:30-7 p.m.
📍 River Rat Brewery, 1231 Shop Rd.
💰 Free, with a complimentary beer + appetizers
🎟️ Seats limited; register here

This isn’t a grad school class – there’s no required reading. But feel free to be an A+ student and click below for the answers to more common credit questions for clarity before the event. 💳 Ⓟ